XML 27 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Earnings (Loss) Per Share Attributable to Devon
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share Attributable to Devon

8.

Net Earnings (Loss) Per Share Attributable to Devon

The following table reconciles net earnings (loss) attributable to Devon and weighted-average common shares outstanding used in the calculations of basic and diluted net earnings (loss) per share.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(Millions, except per share amounts)

 

Net earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Devon

 

$

425

 

 

$

(1,570

)

 

$

990

 

 

$

(4,626

)

Attributable to participating securities

 

 

(5

)

 

 

(1

)

 

 

(11

)

 

 

(1

)

Basic and diluted earnings (loss)

 

$

420

 

 

$

(1,571

)

 

$

979

 

 

$

(4,627

)

Common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding - total

 

 

526

 

 

 

524

 

 

 

525

 

 

 

502

 

Attributable to participating securities

 

 

(6

)

 

 

(6

)

 

 

(6

)

 

 

(6

)

Common shares outstanding - basic

 

 

520

 

 

 

518

 

 

 

519

 

 

 

496

 

Dilutive effect of potential common shares issuable

 

 

3

 

 

 

—

 

 

 

3

 

 

 

—

 

Common shares outstanding - diluted

 

 

523

 

 

 

518

 

 

 

522

 

 

 

496

 

Net earnings (loss) per share attributable to Devon:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.81

 

 

$

(3.04

)

 

$

1.88

 

 

$

(9.33

)

Diluted

 

$

0.80

 

 

$

(3.04

)

 

$

1.87

 

 

$

(9.33

)

Antidilutive options (1)

 

 

2

 

 

 

3

 

 

 

2

 

 

 

3

 

 

(1)

Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net earnings (loss) per share calculations because the options are antidilutive.